Western United and a local council are building a $150 million football stadium essentially out of thin air, thanks to a concept called value capture – ABC News

Western United has kicked goals in the A-League, almost making the grand final in its debut season.
Key points:

• Value capture can help pay for big infrastructure projects by taxing the future rise in the value of land ahead of time
• It’s allowed the Western United’s $150 million stadium to be built without state or federal funding
• Property groups say land is taxed enough: 25 per cent of the cost of a ‘greenfield’ site is paid in tax

But it is off the field where they are having an even bigger impact,…

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